<ul><li>A recent exploit involving the GMX decentralized exchange (DEX) and Abracadabra's cauldrons has led to the theft of approximately 6,260 Ethereum, worth roughly $13 million.</li><li>GMX clarified that its contracts were not compromised, and the issue was limited to the integration between GMX V2 and Abracadabra's cauldrons.</li><li>The Abracadabra team and external security researchers are actively investigating the breach to prevent future incidents.</li><li>This incident highlights ongoing security challenges in the broader DeFi ecosystem, following a previous security breach in January 2024 involving Abracadabra's Magic Internet Money (MIM) stablecoin.</li></ul>

GMX Defends Contracts After $13 Million Loss Tied to Abracadabra’s Cauldron Exploit

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